23 April 2020:agnetic MRO has expanded their engine workshop capabilities by acquiring tooling, dedicated to the engine workshop which has full EASA AND FAA approvals. This latest addition adds more than 40 new services in company's list, including the ability to perform modular maintenance and repair of CFM56-5B and CFM56-7B engines. Also, new capability includes Fan, LPT MM, Hot section modules replacement, special procedures, partial and full replacement of HPT blades, HPT NGVs, HPT shrouds, LPT Stage 1 Vanes and others.
New tooling has already been delivered to Magnetic MRO's engine workshop in Tallinn, Estonia.
"We have a continued discussion about engine shops capacities versus demand for repairs, and a lot of arguments are supporting the major thesis - there is overcapacity. One can agree with it as long as one is a "box-thinker". But the real question is how many players can provide an alternative solution? Now, we are one of them. The gap between conservative (mainstream) type of service and demand for lighter, cheaper and more efficient option is where we want to place ourselves, and such expansion within our service spectrum allows us to do so," said Zoran Bozic, Engine Line Maintenance Business Manager at Magnetic MRO.
Even though the current market situation is grim due to COVID-19 outbreak, as per the recent research by Magnetic MRO the demand for engine service will be even more attractive once the COVID-19 is behind.
"Sooner or later airplanes will start flying again, and on-site engine repairs will be required. So now our challenge is to enhance the mobility of our service by an expansion of our engine team with experienced professionals," said Mr. Bozic.
According to Alexey Ivanov, Executive Sales Director at Magnetic MRO, "There are more industry trends company has observed and reacted to, airlines or leasing companies will be interested in deferring expensive overhauls of the engines and do only minimum quick fix which will return the engine back to operation without major investments. Moreover, we see that CFM56-5B and -7B engines become more and more mature (oldest engines are 20 years old already) and asset owners become much more flexible with the repair of such engines and prefer modules changes, quick and cheap repairs instead of overhauls", said Mr.Ivanov.